Personal Banking Solutions

 

 

Value Checking | Grand Checking |         

Personal Savings  | Money Market Account | Certificate of Deposits  | IRA's

 

Value Checking

  • Minimum opening deposit:  $200.00
  • Minimum monthly balance required:  None
  • Monthly service charge:  None
  • Instant Issue Debit Card Available
  • Debit Card - no ATM surcharge on withdrawals of $100.00+ 
  • Internet Banking Available
  • Mobile Banking with Mobile Deposit Available
  • Online Bill Pay Available
  • eStatements Available

 

Grand Checking

  • Minimum opening deposit:  $200.00 
  • Minimum monthly average balance required: $2500.00
  • Interest Bearing Account
  • Instant Issue Debit Card Available
  • ATM/Debit Card - no ATM surcharge on withdrawals of $100.00+
  • Internet Banking Available
  • Mobile Banking with Mobile Deposit Available
  • Online Bill Pay Available
  • eStatements Available

 

Personal Savings

  • Minimum opening deposit:  $200.00
  • Quarterly minimum balance required:  $200.00 average daily balance
  • Interest Bearing Account
  • Instant Issue Debit Card Available
  • Internet Banking (Inquiry Only)
  • Mobile Banking and Mobile Deposit Available
  • eStatements available
  • Transaction limitations per statement period:  Transfers from a Personal Savings account to another account or to third parties by preauthorized, automatic, telephone, computer, check, draft or similar order to third parties are limited to six per statement cycle. 
  • Excess transaction fee:  $5.00 for each withdrawal in excess of six (6)

 

Money Market Account

  • Minimum opening deposit:  $200.00
  • Monthly minimum balance required:  $1,000.00
  • Monthly service charge:  $15.00 if balance falls below required minimum
  • Interest bearing account with tiered interest rates
  • Transaction limitations per statement period:  Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, computer, check, draft or similar order to third parties are limited to six per statement cycle.
  • Excess transaction fee: $5.00 for each withdrawal in excess of six (6)
  • eStatements available

 

Certificate of Deposit

Certificate of Deposit (CD) is a type of savings certificate.  GrandSouth Bank offers time deposits with maturities from 7 days to 5 years.  Contact a Personal Banker at any of our branch locations to inquire about today's current rates.

 

Individual Retirement Accounts (IRAs)

Individual Retirement Accounts (IRAs) are intended to provide you with     long-term tax-advantaged savings for your retirement.  GrandSouth Bank offers Traditional and Roth IRA's with maturities from 3 months to 5 years.   Contact a Personal Banker at any of our branch locations to inquire about today's current rates.

 

 

FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

 

 

To calculate your deposit insurance coverage - Use the FDIC's Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie.

 

 

Please refer to our Account Disclosure for more detailed information.